After the U.S. and Mexico announced that tariffs against the trading partner would be suspended for a month, U.S. markets quickly recovered.
First, stocks fell Monday after President Donald Trump imposed tariffs on a number of nations over the weekend, sparking concerns that a full-scale trade war would slow the economy, disrupt global supply lines, and rekindle inflation.
However, with the declared halt in the trade war with Mexico, losses were quickly disappearing.
In contrast to its previous losses of 665 points, the Dow Jones Industrial Average was down just 149 points, or 0.3%.
After dropping as much as 1.93% earlier, the S&P 500 lost 0.9%.
The Nasdaq Composite fell over 1%. In the meantime, the iShares MSCI Mexico ETF (EWW) recovered to increase by 2%.
Source (CNBC)
